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Josh Sigurdson talks with Mark Gonzales about the closure of another 42 banks including many Bank of America, Chase and U.S. Bank locations. This is the latest in a long trend of banks shuttering as the system reaches a breaking point.
The banks are bankrupt. Their cash to deposit ratios are much of the time under 1%. The FDIC cannot insure the debts. 63 central banks are implementing Basel III to bring in Bail-In Regimes.
This means they basically empty your bank account.
In 2024, banks closed 1,043 branches nationwide and this year's trends see a massive acceleration. So far we have seen 272 locations shuttered in just the first quarter.
Simultaneously alongside the banks collapsing, retail continues to collapse as well in what they call the "retail apocalypse" as Rite Aid files for a second bankruptcy, Subway closes countless locations and the company that founded Canada, the Hudson Bay Company closes all locations.
What we are witnessing is historic, so it's suspicious to say the absolute very least to see AI being propped up by both leftist and right wing governments worldwide as the so-called "solution."
Elon Musk at the recent Milken Conference called for AI to replace government as he also says it will replace nearly all jobs and we will live with Universal Basic Income, UBI.
This is the agenda of the World Economic Forum and via carbon credit allotments in 15 Minute Cities and the use of digital IDs with CBDCs, we are facing down total technocratic enslavement and dependence.
The European Union is banning privacy coins by 2027 restricting people from doing anything digitally without total centralized surveillance and the EU is also releasing their CBDC by October this year at the latest.
With the STABLE and GENIUS Acts passing in the United States, a centralized Stablecoin system is being implemented essentially creating a CBDC in the United States complete with KYC.
Interestingly, gold is skyrocketing. It's almost like people see what's clearly coming and they're doing something about it...
Prepare yourselves.
Stay tuned for more from WAM!
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